Hyatt Hotels (NYSE:H) Insider Peter Sears Sells 10,217 Shares

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyatt Hotels Price Performance

H stock opened at $183.50 on Tuesday. The business has a fifty day moving average of $162.08 and a two-hundred day moving average of $161.16. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of -524.27 and a beta of 1.33. Hyatt Hotels Corporation has a 52-week low of $127.54 and a 52-week high of $188.50.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.49 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is presently -171.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Morgan Stanley lifted their price objective on Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus set a $182.00 price objective on Hyatt Hotels in a research note on Friday. Truist Financial lifted their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Mizuho lifted their price objective on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently bought and sold shares of H. Goldman Sachs Group Inc. lifted its holdings in Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hyatt Hotels by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after buying an additional 11,252 shares during the last quarter. Norges Bank purchased a new stake in Hyatt Hotels during the 2nd quarter worth about $616,000. Daiwa Securities Group Inc. lifted its holdings in Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after buying an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Hyatt Hotels by 61.0% during the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after buying an additional 26,073 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.